IG Binary Revenues Up

This is a discussion on IG Binary Revenues Up within the Fixed Odds forums, part of the Commercial category; Although perhaps they will be focusing more on the recently acquired HedgeStreet exchange in the near future......

Cheers for the link to those results - their betting exchange activities seem to be growing pretty fast. It will be interesting this year to see if any of IG's binary betting clients move to Tradefair and/or if IG will start MMing on that exchange as well - I've heard they are doing some MMing on Betfair's sports markets at the moment.

I doubt if IG will ever make a market on Tradefair. For a start they cant reject or delay deals like they do on their own sites.

Hit IG binaries for anything over 50 pounds a point and see how often you get rejected or have to wait upto a few minutes for them to wait for the market to move in their favour before they accept..

Well Capital Spreads are the current MM and are doing a pretty decent job so far, posting usually around £5-£10/point on both sides of the spread - hopefully this will rise over time. IG have also been offering binaries for a lot longer than CS, so I'd have thought that IG would have a pretty accurate pricing model by now.

Well there are 3 sets of prices on TF at the moment on the FTSE Hourly and Daily markets - two sets of £5/point and one £1.50/point. I will do some further investigation of this tomorrow, but I think that one of the £5/point spreads is IG, the other is Capital Spreads, and the third is another MM.